Productivity is Strong. Sleep Might Not be Needed.

Some interesting stats came out from the Bureau of Labor Statistics this past week. First it was the better than expected Jobs Report last Friday. But now its the Productivity numbers, the wage numbers, and the consumer Price Index (inflation) numbers.

Here is a breakdown of the numbers (Second Quarter 2009):

Productivity (2Q 2009):
6.3 in the business sector – which is a function of worked hours falling faster than output

Year Q1 Q2 Q3 Q4 Annualized
1999 3.9 0.3  3.3 7.1 3.3
2000 -1.5 9.4  0.1 4 3.4
2001 -1.3 7.4  2.5 2.5 2.9
2002 8.8 0.5  3.8 -0.3 4.6
2003 3.7 5.3  9.7 1.5 3.7
2004 0.9 3.7 0.7 0.8 2.8
2005 3.9 -0.6 2.9 -0.4 1.7
2006 2.8 0.6 -1.9 2.4 0.9
2007 1.2 2.8 5.5 2 1.8
2008 -0.1 3.1 -0.1 0.8 1.8

2009 0.3 6.4

Wage (2Q 2009):
After deflation by the CPI-W, average weekly earnings increased by 3.5 percent.  Before adjustment for seasonal change and inflation, average weekly earnings were $612.87 in July 2009, compared with $607.27 a year earlier. An increase of over $5.

Inflation (July ’09):
It was -2.1 as energy prices have weighed it down. Its thought that this is the bottom for prices

Side Bar:
Mutation Tied to Need for Less Sleep Is Discovered
I just think this is a hilarious headline considering productivity, wages, and inflation.

Working Thoughts 08/14/07

Tipping Point Leadership

About benleeson
My name is Ben Leeson. I currently work for a large financial company in IT. I went to school at Marist College in Poughkeepsie, NY. I graduated with a B.S. in Business Administration concentrating in HR. Professor William Brown taught me and I enjoyed his classes; even acquiring an appreciation for just about all things HR. I didn’t pursue a job in that field after college but I’ve kept up with it. This blog will further my fascination with all things HR. I hope to grow my knowledge of the area through thoughtful writings and spirited feedback. I will attempt to have a fairly routine style so anyone reading can come to expect certain segments. Please excuse my incorrect grammar and occasional misspelling.

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